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Apex Tool in Cortland to be Shuttered by October

Local News

A Cortland manufacturer who announced earlier this year that planned to close its doors will wrap up operations by October.

The owners of Apex tool on River Street in Cortland say they will be fully shut down by October which is two months sooner than originally forecast.

The nearly 90 employees at the plant are losing their jobs, workers have already been receiving layoff notices.

In May, the company announced it was working with the union representatives to negotiate a new contract but announced a short time later that it planned to close the factory by the end of the year and move operations to Pennslyvania and South Carolina. The company said the Cortland plant has been operating below capacity for some time.

Apex makes wire rope, chain fittings, and overhead lifting devices. The company dates back to 1834.

The County IDA hopes to see to see the property re-used but acknowledges portions of the complex may have to be torn down due to the age of the facilities there.

The city is currently studying that area with an eye toward adaptive re-use of former industrial sites.

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